Financial Performance: ZIJIN GOLD INTL announced a preliminary net profit for 2025 of US$1.5-1.6 billion, representing a year-over-year increase of 212-233%, surpassing market expectations of US$1.35 billion.
Quarterly Growth: The implied profit for Q4 2025 is projected to be between US$595-695 million, significantly higher than the US$385 million reported in Q3 2025, driven by the integration of the RG project and rising gold prices.
Gold Production: The company's gold output for 2025 is expected to reach 46.5 metric tons, an increase from 38.9 metric tons in 2024, aligning with management's forecast of approximately 47 metric tons.
Future Projections: For 2026, ZIJIN GOLD INTL has set a production target of 57 metric tons of gold, slightly above the market consensus of 56.7 metric tons.
Wall Street analysts forecast 02259 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 02259 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast 02259 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 02259 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 165.400
Low
Averages
High
Current: 165.400
Low
Averages
High
HSBC
HSBC Global Research
initiated
$157 -> $178
Al Analysis
2025-11-25
Reason
HSBC
HSBC Global Research
Price Target
$157 -> $178
Al Analysis
2025-11-25
initiated
Reason
The analyst rating for ZIJIN GOLD INTL (02259.HK) is based on several positive factors highlighted in the article. HSBC Global Research rated the company as a "Buy" for the first time, citing the following reasons:
1. Increased Production: The company is expected to enter a growth phase due to increased production across its mines.
2. Strong Balance Sheet: ZIJIN GOLD INTL has a strong financial position, which supports its growth prospects.
3. Effective Cost Control: The company has demonstrated effective cost management, which helps maintain profit margins.
4. Turnaround of Underperforming Assets: Successful improvements in previously underperforming assets contribute positively to the company's overall performance.
5. Sensitivity to Gold Prices: The report notes that a 1% increase in gold prices could lead to an estimated 1.4% increase in earnings, indicating a favorable outlook linked to commodity price movements.
Overall, these factors contribute to a positive outlook for the company's future performance, justifying the "Buy" rating and the target price of HKD178.
BNP Paribas
BNP Paribas
Outperform
initiated
2025-11-20
Reason
BNP Paribas
BNP Paribas
Price Target
2025-11-20
initiated
Outperform
Reason
The analyst rating for ZIJIN GOLD INTL (02259.HK) from BNP Paribas is an Outperform due to several key factors:
1. Strong production growth.
2. Competitive asset quality in the global market.
3. Solid operational track record.
4. Strong capability to create value through acquisitions.
Additionally, BNP Paribas projects significant net profit growth for the company, forecasting an increase from USD 481 million in 2024 to USD 1.287 billion in 2025, USD 2.476 billion in 2026, and USD 2.399 billion in 2027, indicating strong year-over-year growth in 2025 and 2026.
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Morgan Stanley
Morgan Stanley
Overweight
initiated
$175
2025-11-06
Reason
Morgan Stanley
Morgan Stanley
Price Target
$175
2025-11-06
initiated
Overweight
Reason
Morgan Stanley has given ZIJIN GOLD INTL an Overweight rating with a target price of HKD175 due to several factors. The broker anticipates a rebound in gold prices to USD4,500 per ounce by mid-2H25, driven by expected interest rate cuts, increased gold purchases by central banks and ETFs, and potential investor accumulation of gold. Additionally, ZIJIN GOLD INTL's average gold resource procurement cost of USD61.3 per ounce is significantly lower than the industry average of USD92.9 per ounce for 2019-24, indicating strong cost efficiency. The company's global ranking in gold reserves and production further supports the positive outlook.
Goldman Sachs
Goldman Sachs
Buy
maintain
$30
2025-10-20
Reason
Goldman Sachs
Goldman Sachs
Price Target
$30
2025-10-20
maintain
Buy
Reason
The analyst rating for ZIJIN MINING was kept as "Buy" due to several positive factors. Goldman Sachs raised its FY25-27 earnings forecasts for the company by 1-26% based on an upward revision of copper and gold price forecasts from their global commodities team. Additionally, the impact of the spin-off of ZIJIN GOLD INTL and the recent completion of the RG Gold Mine acquisition contributed to this positive outlook. As a result, the target price was lifted from HKD30 to HKD37.5.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
